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Canaan Inc. to Execute Share Repurchase Using Digital Asset Treasury

Canaan Inc. (NASDAQ: CAN), known for its innovative contributions to compute and energy infrastructure, has recently revealed plans to repurchase its shares by utilizing a portion of its digital asset treasury. This decision marks a significant financial strategy as Canaan continues to balance its capital allocation while affirming its long-term objectives.

Share Repurchase Program Details

On August 4, 2026, Canaan announced that its board of directors authorized management to monetize a segment of its digital asset holdings to fund the repurchase of its American Depositary Shares (ADSs). This initiative builds upon a share repurchase program that took effect on December 12, 2025, showcasing Canaan's intent to enhance shareholder value through disciplined financial practices.

The management stated that future repurchase actions may be financed through digital asset proceeds, depending on several factors including market conditions, trading prices of ADSs, and working capital requirements. Moreover, such actions ensure compliance with the established authorization limits and are overseen by the board.

Financial Position and Digital Asset Value

Canaan's financial landscape appears promising, as the company currently trades below the aggregate value of its digital asset holdings, cash, and equivalents. As of March 31, 2026, it was reported that Canaan held digital assets valued around $130 million, marking a substantial reserve that offsets its market capitalization.

Chairman and CEO Nangeng Zhang commented on the decision, emphasizing that this approach reflects their commitment to responsible capital allocation and long-term shareholder value creation. By repurchasing shares, the company aims to recognize the underlying strength of its business model and the inherent value of its digital assets.

Operational Insights and Future Outlook

Canaan continues to produce Bitcoin, providing a flexible capital source for strategic financial decisions. The company’s operations indicate that the current trading levels do not mirror the full potential of its assets and business performance. Therefore, using a portion of the digital asset treasury for share repurchases stands as a strategic move aimed at boosting Canaan’s market standing and investor confidence.

The firm, represented by its skilled workforce and advanced technology in ASIC chip design, seeks to maintain a competitive edge within the cryptocurrency mining sector. With the industry’s growth potential, Canaan is positioning itself to harness opportunities driven by trends in Bitcoin production and mining.

About Canaan Inc.

Founded in 2013, Canaan Inc. specializes in ASIC high-performance computing chip design, further establishing its footprint in the computing equipment production and software services sector. The company's innovative spirit led to the launch of the world’s first-ever ASIC mining machines, branded under Avalon. Having successfully outlined its role in the Nasdaq Global Market in 2019, Canaan continues to grow and innovate within the digital landscape.

As Canaan embarks on this new share repurchase strategy, investors and industry watchers are keenly observing how it navigates these financial waters, balancing rapid technological advancements and market demands with sound financial practices. The upcoming movements in its shares are anticipated as a reflection of its commitment to supporting its growth trajectory while reinforcing its shareholders’ interests.

For more insights on Canaan Inc. and its endeavors, visit Canaan’s official website.